Duterte's Arrest Sparks Political Uncertainty, Market Concerns in Philippines

The arrest of former Philippine President Rodrigo Duterte on March 11 for alleged crimes against humanity related to his controversial war on drugs has raised concerns about potential political instability and its impact on financial markets. Analysts predict that the arrest could disrupt the Philippine Stock Exchange, as it introduces significant uncertainty for investors. However, some lawmakers have defended the legality of the arrest, asserting that proper procedures were followed and dismissing claims from Duterte's supporters of his being denied due process. While supporters see Duterte as a champion for the Filipino people, critics emphasize the human rights abuses during his presidency. As Duterte faces trial at the International Criminal Court, the situation remains dynamic, with implications for both domestic and international observers. The developments may also reflect on President Ferdinand Marcos Jr.'s administration and its handling of past leadership legacies.